On March 24, the information center of Ministry of Agriculture (MOA) and Dalian Commodity Exchange (DCE) signed the "Joint Action Plan for Bulk Agricultural Commodity Market Information" to jointly issue the "lean-type pork price index", the first major achievement under the cooperation framework. It is China's first quality-underlying hog price index as well as China's first pork price index that is published on the government public service website and oriented toward the commercial application.
According to the plan designed by www.sci99.com, the index is created by using the data from 89 large-sized slaughtering enterprises in 16 main production and sales provinces in China. These slaughtering enterprises are representative as their production accounts for 31.94% of the total slaughter volume of the designated slaughtering enterprises above a certain size across the country.